American Homes 4 Rent (AMH) : 3 brokerage houses believe that American Homes 4 Rent (AMH) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on American Homes 4 Rent (AMH). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 6 Wall Street Analysts endorse the stock as a Buy with a rating of 1.75.
American Homes 4 Rent (AMH) stock is expected to deviate a maximum of $1.79 from the average target price of $24.2 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $26 and the most muted being $22.
Also, Major Brokerage house, Raymond James maintains its ratings on American Homes 4 Rent (NYSE:AMH). In the latest research report, Raymond James raises the target price from $24 per share to $26 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on September 8, 2016.
American Homes 4 Rent (NYSE:AMH): After opening at $21.02, the stock dipped to an intraday low of $20.78 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $21.14 and the buying power remained strong till the end. The stock closed at $21.1 for the day, a gain of 0.62% for the day session. The total traded volume was 2,706,147. The stocks close on the previous trading day was $20.97.
American Homes 4 Rent is an internally managed real estate investment trust (REIT). The Company focuses on acquiring, renovating, leasing and operating single-family homes as rental properties. The Company has an integrated operating platform that consists of personnel engaged in property management, acquisitions, construction, marketing, leasing, financial and administrative functions. As of December 31, 2014, the Companys entire portfolio of single-family properties was internally managed through its property management platform. The Companys single-family properties include Dallas-Fort Worth, Texas; Indianapolis, Indiana; Atlanta, Georgia; Charlotte, North Carolina; Greater Chicago area, Illinois and Indiana; Cincinnati, Ohio; Houston, Texas; Tampa, Florida; Phoenix, Arizona, and Jacksonville, Florida, among others.